Page 6 of hospitality

“The biggest challenge is lack of human resources. At the worst possible time, we had to ask a certain number of our people to leave, as high as 50% at some hotels,” Bakaya said, adding that a large section did not return even as business started coming back. (Representative image)

Manpower shortage big challenge for hospitality sector: Sarovar Hotels MD

We are above CY2019-levels now in terms of occupancies, Bakaya said. “In some cases, the rates are still lower, but…

July 25, 2022 05:10 IST

The company’s current food and beverage price varies from Rs 300-600 on an average across all its brands. (Representative image)

Price hikes on table for restaurants and cafes

Since January this year, raw material costs for restaurants have risen between 5% and 20% as vendors are renewing contracts…

June 30, 2022 00:15 IST

spiritual tourism, hospitality, hotel industry, tourism, ARR, revenue growth, meditation, yoga, wedding bookings, occupancy, travel

God’s helping hand for hotels: Industry sees 35-40% revenue jump from spiritual tourism after Covid

Travel and hotel industry is witnessing a 35-40 per cent increase in business at spiritual tourist locations such as temple…

June 20, 2022 18:25 IST

Home is where the hospitality is: Everything that’s homely and comforting in England

From warm check-ins and cleanliness to quality of ingredients, here’s to everything that is homely and comforting in England

June 5, 2022 04:15 IST

Rakesh Jhunjhunwala stock, Rakesh Jhunjhunwala portfolio stock, ihcl, indian hotels

Rakesh Jhunjhunwala stock Indian Hotels up 23% so far in 2022, outperforms Nifty; shares may further jump 20%

Rakesh Jhunjhunwala portfolio stock Indian Hotels Company (IHCL) has outperformed benchmark Nifty 50 so far this year. IHCL share price…

May 24, 2022 12:19 IST

Hotel sector likely to see 45% jump in revenues this fiscal: Crisil report

However, the debt to equity ratio will remain weak at 1.2 times versus 0.8 time before the pandemic, as companies…

April 27, 2022 01:45 IST

hotel, hospitality industry, international travel, flight, tourists, travel, room rate, occupancy, business travel, staycation, leisure travel

Hotel industry expects 10% rise in bookings as international flights restart; even more after summers

The hotels industry across India is expecting a rise of around 8-10 per cent in their bookings and revenue generation…

April 21, 2022 14:52 IST

Rakesh Jhunjhunwala, ihcl, indian hotels

Rakesh Jhunjhunwala portfolio stock up 30% so far in 2022, may rally 18% more; should you buy?

Despite the market correction so far this year, IHCL share price has rallied over 30 per cent in 2022. The…

March 30, 2022 13:12 IST

hotel, hotel industry, hospitality, inflation, ARR increase, recovery, bookings, domestic travel, tourists, wedding, leisure travel, weekend getaways, roadtrip, digital, hygiene

Hotel industry near full recovery from Covid; bookings on rise for leisure, MICE events

With the world recovering from the pandemic, the hotel industry has witnessed a surge in bookings, and expects a recovery…

March 23, 2022 17:42 IST

Evaluation of the state of gender equity in India’s Hospitality Industry

When we look at the issue in Hospitality and tourism industry, the fastest growing industries in India that contributes 6.8%…

Updated: March 15, 2022 14:38 IST

"Along with the FM, the meeting was also attended by MoS Finance Shri @DrBhagwatKarad; Finance Secretary; Secretaries for Financial Services, Economic Affairs & Revenue; chiefs of PSBs & IBA, besides senior officials from @FinMinIndia," the finance ministry said in a tweet.

FM Sitharaman holds meeting with hospitality, tourism sectors; discusses credit-related issues

The meeting was also attended by senior finance ministry officials and heads of various public sector banks (PSBs).

February 25, 2022 17:15 IST

This Rakesh Jhunjhunwala portfolio stock is Motilal Oswal’s top pick for 2022 in hospitality sector

Big Bull Rakesh Jhunjhunwala owns 14,279,200 shares in Indian Hotels Company Ltd, which translates to 1.08% stake. His wife Rekha…

January 21, 2022 12:02 IST

Back to normal trade: Building multi-cap tourism stock portfolio as economy heads out of covid pain

In the aftermath of the pandemic, ICICI Direct expects a rising preference towards health and hygiene, which shall help boost…

February 19, 2021 09:57 IST

MHRIL announces results for year ended March 31, 2016

Leisure and hospitality provider Mahindra Holidays & Resorts India (MHRIL) announced its consolidated and standalone financial results for the quarter…

May 23, 2016 17:35 IST

Chototel to build its first ‘super-budget’ hotel in India

Chototel, a London-based technology start-up, has chosen India to set up its pilot “super-budget” hotel, with tariffs starting at ₹100…

May 9, 2016 16:38 IST

Ecole Hoteliere at Lavasa signs MoU with AHLEI

Ecole Hoteliere at Lavasa (LEH) has signed a memorandum of understanding (MoU) with American Hotel & Lodging Educational Institute (AHLEI)…

April 11, 2016 17:50 IST

HPMF hosts knowledge based events at Aahar 2016

The Hospitality Purchasing Manager’s Forum (HPMF) hosted two knowledge based events – FSSAI Masterclass and the Buy in India panel…

March 31, 2016 17:50 IST

FICCI and RezNext launch knowledge paper for travel and hospitality

Federation of Indian Chambers of Commerce and Industry (FICCI) and RezNext have launched a knowledge paper for the travel and…

March 22, 2016 15:39 IST

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Patna, the capital city of Bihar, has launched its first metro train service, the Blue line, covering 3.6 km with three stations. The metro, built with DMRC, showcases modern amenities and Bihar’s cultural heritage. The upcoming Red line, spanning 18.5 km and 15 stations, will connect with the Blue line at Patna junction. The minimum fare is Rs 15 and the maximum is Rs 30.

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